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ARTICLE · 02 JUNE 2015

Companies Act 2014 For Funds: Should Mancos Convert To DACs?

Maples Group
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The Companies Act 2014 came into effect on 1 June 2015. The Act consolidates the existing 17 Companies Acts, which date from 1963 to 2013, into one Act.

IrelandFinance and Banking
Barry McGrath
Barry McGrath
Peter Stapleton
Peter Stapleton
Stephen Carty
Stephen Carty
Carol Widger
Carol Widger
Adam Donoghue
Adam Donoghue
Eimear O'Dwyer
Eimear O'Dwyer
Ian Conlon
Ian Conlon
Ciara O'Leary
Ciara O'Leary
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The Companies Act 2014 (the "Act") came into effect on 1 June 20151. The Act consolidates the existing 17 Companies Acts, which date from 1963 to 2013, into one Act. While re-stating existing company law, the Act also introduces significant reforms to Irish company law. It aims to reduce company law obligations for all types of Irish companies and make them easier to understand.

This note briefly assesses the impact of the Act on existing Irish investment funds which are investment companies established as public limited companies ("PLCs") and Irish fund management companies established as private limited companies ("Mancos"). It also highlights some recommended proactive steps these respective entities should consider in order to adapt to the new regime.

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